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What is a Concrete Agitator Truck?
A Concrete Agitator, also known as a concrete mixer, transports and mixes concrete from a plant to a construction site.
Typically, it is a rigid truck with a concrete agitator bowl at the rear. The truck’s engine keeps the bowl spinning to prevent the concrete from setting. When at the construction site, the agitator bowl can reverse its movement to push concrete out of a chute located at the vehicle’s rear.
Subcontract companies in Australia predominantly operate concrete delivery trucks for concrete batching plants such as Boral, Holcim, and Hanson. While the companies own the truck barrels, they require the truck owners to purchase insurance since the vehicles typically value between $50,000 to $80,000.
Insurance for Concrete Agitators
Concrete agitator trucks face various risks, such as accidents, theft, and damage to the vehicle and its contents. As a result, it is essential to have insurance coverage that protects against these risks. Concrete agitator truck insurance typically includes the following types of coverage:
Third-Party Liability Coverage: This coverage protects the driver against damage or injury caused to third parties. Wet mix transport businesses also require liability insurance. Batching plants have specific requirements, and they demand policies that include clauses such as wrongful delivery of concrete and rip and tear.
Comprehensive Coverage: This coverage protects the vehicle against damage caused by accidents, theft, and other risks.
Fire and Theft Coverage: This coverage protects the vehicle against damage caused by fire or theft.
Personal accident insurance: This insurance policy covers drivers from lost income due to accidents that prevent them from working
Do I Need Concrete Agitator Truck Insurance?
Concrete agitator truck accidents in Australia are a significant concern as they can result in property damage, injuries, and even fatalities. According to data from Safe Work Australia, there were 80 incidents involving the uncontrolled movement of a truck between 2012 and 2021. Of these, 29 resulted in serious injuries requiring hospitalization, and three were fatal.
To prevent accidents, implement control measures such as operating the truck on flat level ground, conducting a risk assessment before starting work, ensuring the hand/park brake, and installing a warning system.
Also, concrete agitator truck operators should have insurance coverage to protect against collisions, damage, and theft. This coverage safeguards both driver and business against unforeseen events, reducing financial losses.
Concrete agitator truck insurance policies typically include liability coverage, which protects the driver and the business against claims made by third parties, including property damage and bodily injury. Other coverages may include collision coverage, comprehensive coverage, and cargo coverage, depending on the specific needs of the business.
A smart move that truck owners can make is to ensure that they have the best insurance cover. Even as insurance premiums continue to rise, the right cover can protect the business from expenses such as equipment replacement and repair, accidental claims, legal liability, and legal expenses. Thus, getting the best value for your money is critical when buying trucking insurance.
Considerations When Getting Concrete Truck Agitator Insurance
Value of the Truck: When taking out insurance for a concrete truck agitator, it is important to consider the value of the vehicle. These trucks can range in value from $50,000 to $80,000, and it is important to ensure that the policy covers the full value of the truck.
Coverage for Solidification of Concrete: Another important consideration is coverage for the solidification of concrete. This can occur if the truck is idle for too long or if the concrete mixture is not properly agitated. In these cases, the concrete can solidify and cause damage to the truck. It is important to ensure that the insurance policy covers this type of damage.
Price of the Policy: The price of the insurance policy is also an important consideration. It is important to compare policies from different providers to find the best coverage at an affordable price.
Insuring for Downtime: If the truck is out of commission for an extended period of time, it can have a significant impact on the business. Some insurance policies offer coverage for downtime, which can help cover lost income during this time.
A Specialist Broker: Finally, it may be helpful to work with a specialist broker who has experience working with concrete truck agitator insurance. They can help assess the risks and find a policy that provides the necessary coverage at an affordable price.
Renewal policies for concrete agitator truck insurance in Australia are essential to ensure that your business is always protected. Most insurers will offer automatic renewals, but it is important to review your policy every year to ensure it still meets your needs. During the renewal process, you can also update your coverage limits or make changes to your policy to better suit your business requirements.
When renewing your concrete agitator truck insurance policy, it is important to consider factors such as your claims history, the age and condition of your trucks, and any changes to your business operations. If your business has grown or your truck fleet has expanded, you may need to adjust your policy to ensure that all of your assets are protected.
At Truck Insurance HQ, we understand that the renewal process can be overwhelming. That’s why our team of experienced brokers is here to help you navigate the process and ensure that you have the coverage you need at a price you can afford. We work with multiple insurance providers to find the best policy for your business, so you can have peace of mind knowing that you’re protected against any unforeseen events. Call us on 1300 815 344 today to discuss your renewal options or get a FREE quote here.
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.
All information above has been provided by the author.
Adam Pile, Insurance HQ Pty Ltd, ABN 33606759228, AFSL 363610
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